By Devika Patel
Knoxville, Tenn., July 2 - Indian Bank informed the Bombay Stock Exchange that it sold Rs. 5 billion in unsecured redeemable non convertible subordinated lower tier 2 bonds in an offering that launched and settled on June 28.
The bonds priced at par with a coupon of 8.53%.
The issuer is a Chennai, India-based banking company.
| Issuer: | Indian Bank
|
| Issue: | Unsecured redeemable non convertible subordinated lower tier 2 bonds
|
| Amount: | Rs. 5 billion
|
| Coupon: | 8.53%
|
| Price: | Par
|
| Yield: | 8.53%
|
| Warrants: | No
|
| Settlement date: | June 28
|
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